CRCD vs. CARD

Last updated Aug 1, 2026

CRCD (T-REX 2X Inverse CRCL Daily Target ETF) and CARD (Max Auto Industry -3X Inverse Leveraged ETN) are both Inverse Equities funds. CRCD is actively managed, while CARD is passively managed. Their 0.33 correlation means their historical movements had little consistent relationship. CRCD charges 1.50%/yr vs 0.95%/yr for CARD.

Performance

CRCD vs. CARD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRCD achieves a -82.71% return, which is significantly lower than CARD's -8.92% return.

CRCD

• 1D: 4.76%
• 1M: -8.47%
• 6M: -87.34%
• YTD: -82.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CARD

• 1D: 3.59%
• 1M: 1.66%
• 6M: -6.13%
• YTD: -8.92%
• 1Y: -38.90%
• 3Y*: -47.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -52.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CARD Max Auto Industry -3X Inverse Leveraged ETN	$47.33K	$47.63K	$45.90K
CRCD T-REX 2X Inverse CRCL Daily Target ETF	$6.16M	$8.34M	$16.64M

CRCD vs. CARD - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-82.71%	38.83%
CARD Max Auto Industry -3X Inverse Leveraged ETN	-8.92%	-7.24%

Correlation

The correlation between CRCD and CARD is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.33

Return for Risk

CRCD vs. CARD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CRCD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CARD

CARD Risk / Return Rank: 5
CARD Sharpe Ratio Rank: 5
CARD Sortino Ratio Rank: 6
CARD Omega Ratio Rank: 6
CARD Calmar Ratio Rank: 2
CARD Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CRCD vs. CARD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CRCD	CARD	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.50	—
Sortino ratio: Return per unit of downside risk	—	-0.36	—
Omega ratio: Gain probability vs. loss probability	—	0.96	—
Calmar ratio: Return relative to maximum drawdown	—	-0.81	—
Martin ratio: Return relative to average drawdown	—	-1.23	—

Drawdowns

CRCD vs. CARD - Drawdown Comparison

The maximum CRCD drawdown since its inception was -96.95%, roughly equal to the maximum CARD drawdown of -93.74%. Use the drawdown chart below to compare losses from any high point for CRCD and CARD.

Drawdown Indicators

	CRCD	CARD	Difference
Max Drawdown Largest peak-to-trough decline	-96.95%	-93.74%	-3.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.14%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-93.74%	—
Current Drawdown Current decline from peak	-91.80%	-93.16%	+1.36%
Average Drawdown Average peak-to-trough decline	-61.66%	-69.56%	+7.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	29.16%	—

Volatility

Volatility by Period

	CRCD	CARD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	198.91%	72.06%	+126.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	198.91%	80.51%	+118.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	198.91%	80.51%	+118.40%

CRCD vs. CARD - Expense Ratio Comparison

CRCD has a 1.50% expense ratio, which is higher than CARD's 0.95% expense ratio.

Dividends

CRCD vs. CARD - Dividend Comparison

Neither CRCD nor CARD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CRCD and CARD in my portfolio?

CRCD and CARD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRCD or CARD?

On fees, CARD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRCD or CARD?

CARD is cheaper with a 0.95% expense ratio, compared with 1.50% for CRCD.

Which ETF pays a higher dividend yield, CRCD or CARD?

CRCD and CARD have nearly identical dividend yields, around 0.00%.

What is the main difference between CRCD and CARD?

They also come from different issuers: T-Rex and Max. Their fees differ too: 1.50% for CRCD and 0.95% for CARD.